In an unprecedented act of celebrity philanthropy, the charitable foundation created by Johnny Carson has reported receiving $156 million from a personal trust established by the entertainer years prior to his January 2005 death, The Smoking Gun has learned.I guess the Midwestern values he learned growing up in Nebraska stayed with him throughout his life.
The nine-figure transfer from the late entertainer’s estate was disclosed in a tax return filed three months ago by the John W. Carson Foundation, records show. The massive bequest leaves the Carson foundation with assets dwarfing the largest Hollywood charities--even the foundation run by entertainment titan David Geffen, whose organization listed assets of $80 million on its most recent tax return.
In a tax return received by the Internal Revenue Service in mid-May, the Carson foundation disclosed its receipt of $35.2 million in cash and $121.2 million in securities and royalty rights from the John W. Carson Trust. The IRS return, excerpted at left, covers the fiscal year ending last June.
Monday, August 09, 2010
Johnny Carson Leaves a Legacy of Charity
The late Johnny Carson has proved to be one of the most generous men in Hollywood:
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